topic Re: AAoA Question in Credit Cards

AAoA Question

Anonymous — Fri, 26 Jun 2015 11:08:59 GMT

So my average age of accounts is pretty low right now, I think it's roughly 10 or so months as I applied for a few credit cards in the last 6 months and my history is short in general.

I applied for my first Amex back in 2014, and I have noticed that the new Amex green I applied for a few weeks ago has 'member since 2014' on it.

People mention Amex backdating; does this new Amex green card affect my AAoA or does it report back as being opening in 2014 like my other one?

Sorry if this sounds like a stupid question, I was just confused about the whole Amex backdating thing.

Re: AAoA Question

Anonymous — Fri, 26 Jun 2015 11:13:08 GMT

@pricetyler wrote:
So my average age of accounts is pretty low right now, I think it's roughly 10 or so months as I applied for a few credit cards in the last 6 months and my history is short in general.
I applied for my first Amex back in 2014, and I have noticed that the new Amex green I applied for a few weeks ago has 'member since 2014' on it.
People mention Amex backdating; does this new Amex green card affect my AAoA or does it report back as being opening in 2014 like my other one?
Sorry if this sounds like a stupid question, I was just confused about the whole Amex backdating thing.

Won't help your AAoA. While it may say member since 2014 on the card it will report to the credit bureaus as just opened. Amex stopped backdating in March.

Re: AAoA Question

Anonymous — Fri, 26 Jun 2015 11:14:05 GMT

Ok, damn hahah.

Thank you Irish!

Re: AAoA Question

takeshi74 — Fri, 26 Jun 2015 12:44:21 GMT

@pricetyler wrote:
People mention Amex backdating; does this new Amex green card affect my AAoA

As stated above, AmEx no longer backdates. However all accounts affect AAoA. Backdating can help but it really depends on the MSD, number of accounts, age of other accounts, etc.